Cognizant Technology Solutions Corporation $CTSH is Stance Capital LLC's 9th Largest Position

Key Points

• Stance Capital LLC increased its stake in Cognizant Technology Solutions by 10.3%, acquiring an additional 5,151 shares, bringing its total holdings to 55,388 shares worth approximately $4.2 million.
• Several other institutional investors are also increasing their positions in Cognizant, indicating strong interest in the stock, which is now owned 92.44% by institutional investors.
• Cognizant reported earnings of $1.31 per share in its latest quarterly results, exceeding analysts' expectations, and has also announced a quarterly dividend of $0.31 per share.

Stance Capital LLC lifted its stake in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH - Free Report) by 10.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 55,388 shares of the information technology service provider's stock after purchasing an additional 5,151 shares during the period. Cognizant Technology Solutions accounts for 3.0% of Stance Capital LLC's investment portfolio, making the stock its 9th biggest holding. Stance Capital LLC's holdings in Cognizant Technology Solutions were worth $4,237,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Invesco Ltd. boosted its holdings in Cognizant Technology Solutions by 13.3% in the 1st quarter. Invesco Ltd. now owns 12,077,445 shares of the information technology service provider's stock worth $923,925,000 after buying an additional 1,422,265 shares during the period. Goldman Sachs Group Inc. boosted its holdings in Cognizant Technology Solutions by 117.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 6,805,893 shares of the information technology service provider's stock worth $520,651,000 after buying an additional 3,677,145 shares during the period. Wellington Management Group LLP boosted its holdings in Cognizant Technology Solutions by 9.9% in the 1st quarter. Wellington Management Group LLP now owns 6,458,318 shares of the information technology service provider's stock worth $494,061,000 after buying an additional 579,175 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Cognizant Technology Solutions by 0.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 6,029,067 shares of the information technology service provider's stock worth $461,169,000 after buying an additional 28,646 shares during the period. Finally, Amundi boosted its holdings in Cognizant Technology Solutions by 61.6% in the 1st quarter. Amundi now owns 4,519,912 shares of the information technology service provider's stock worth $331,584,000 after buying an additional 1,723,335 shares during the period. 92.44% of the stock is owned by institutional investors.

Cognizant Technology Solutions Trading Down 2.3%

NASDAQ:CTSH traded down $1.62 during mid-day trading on Wednesday, reaching $69.16. 4,308,415 shares of the company's stock traded hands, compared to its average volume of 3,832,230. The company has a 50 day moving average price of $73.40 and a 200-day moving average price of $76.17. The firm has a market capitalization of $33.78 billion, a price-to-earnings ratio of 14.06, a PEG ratio of 1.48 and a beta of 0.93. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.41 and a quick ratio of 2.41. Cognizant Technology Solutions Corporation has a 12-month low of $65.52 and a 12-month high of $90.82.

Cognizant Technology Solutions (NASDAQ:CTSH - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The information technology service provider reported $1.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.26 by $0.05. Cognizant Technology Solutions had a net margin of 11.89% and a return on equity of 16.77%. The company had revenue of $5.25 billion for the quarter, compared to analysts' expectations of $5.17 billion. During the same quarter in the previous year, the company earned $1.17 earnings per share. Cognizant Technology Solutions's quarterly revenue was up 8.1% on a year-over-year basis. Cognizant Technology Solutions has set its FY 2025 guidance at 5.080-5.220 EPS. Q3 2025 guidance at EPS. On average, sell-side analysts predict that Cognizant Technology Solutions Corporation will post 4.98 earnings per share for the current year.

Cognizant Technology Solutions Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 26th. Shareholders of record on Monday, August 18th were issued a $0.31 dividend. The ex-dividend date of this dividend was Monday, August 18th. This represents a $1.24 annualized dividend and a yield of 1.8%. Cognizant Technology Solutions's payout ratio is 25.20%.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Guggenheim raised shares of Cognizant Technology Solutions from a "neutral" rating to a "buy" rating and set a $90.00 price target for the company in a report on Friday, July 18th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Cognizant Technology Solutions in a report on Thursday, July 17th. They issued a "hold" rating and a $80.00 price target for the company. Wall Street Zen downgraded shares of Cognizant Technology Solutions from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. JPMorgan Chase & Co. cut their price target on shares of Cognizant Technology Solutions from $101.00 to $89.00 and set an "overweight" rating for the company in a report on Wednesday, August 20th. Finally, Evercore ISI started coverage on shares of Cognizant Technology Solutions in a report on Thursday, July 17th. They issued an "outperform" rating and a $100.00 price target for the company. Five analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. Based on data from MarketBeat.com, Cognizant Technology Solutions currently has an average rating of "Hold" and a consensus price target of $86.07.

Cognizant Technology Solutions Company Profile

Cognizant Technology Solutions Corporation, a professional services company, provides consulting and technology, and outsourcing services in North America, Europe, and internationally. It operates through four segments: Financial Services, Health Sciences, Products and Resources, and Communications, Media and Technology.